Insignia Consultants
New Delhi
Thursday, 14 November
2019.
TIME
9:24 AM IST
----------------------------------------------------------------------------------------------------------------
MCX
CRUDE OIL REPORT
Trend
of crude oil is bullish at the moment. The next three days till Monday are very
crucial for continuance of short term bullish trend. If crude oil manages to
break and trade over 4210 till Monday then chances of 4568 will be very high.
Also watch the rupee. A weaker rupee against the US dollar this week is the key
reason for rise in MCX crude oil.
MCX Crude oil 19th
November 2019: (previous day close/CMP Rs.4144.00)
Small sell off below: 4108
Quick rise over: 4210
- Key resistance is at 4210. Only a break of 4210 will result in
4287 and 4358.
- Crash will be there if crude oil does not break 4210 or crude
oil trades below 4090.
Disclaimer: Any opinions as to the commentary, market
information, and future direction of prices of specific currencies, metals and
commodities reflect the views of the individual analyst, In no event shall
Insignia Consultants or its employees have any liability for any losses
incurred in connection with any decision made, action or inaction taken by any
party in reliance upon the information provided in this material; or in any
delays, inaccuracies, errors in, or omissions of Information. Nothing in this
article is, or should be construed as, investment advice. All analyses used
herein are subjective opinions of the author and should not be considered as
specific investment advice. Investors/Traders must consider all relevant risk
factors including their own personal financial situation before trading.
Websitewww.insigniaconsultants.in. Prepared by
Chintan Karnani
Disclosure: Members, employees, directors, clients and all other people
associated with “Insignia consultants” do trade in MCX metals and energies.
They may or may not have positions on the trading strategies mentioned in this
report. They may also have open positions in MCX metals and energies futures in
trading strategies other than those mentioned in this report.
Insignia Consultants does not have any branches in India.
Insignia Consultants does not have any marketing agents in any city in
India.
NOTES TO THE ABOVE REPORT
ALL VIEWS ARE INTRADAY UNLESS OTHERWISE
SPECIFIED
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NOTE: HOLDS MEANS HOLDS ON DAILY CLOSING BASIS
PLEASE
USE APPROPRIATE STOP LOSSES ON INTRA DAY TRADES TO LIMIT LOSSES.
THE
TIME GIVEN IN THE REPORT IS THE TIME OF COMPLETION OF REPORT
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